For Sale

Northwest Commons

Grand Island, NE 68803

Price

$16,010,719

Cap Rate: 8.35%

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DICK'S & Burlington anchored regional power center

Blue West Capital is pleased to exclusively offer for sale Northwest Commons, a recently redeveloped shopping center in Grand Island, NE. Anchored by renowned brands such as DICK’S Sporting Goods and Burlington, this recently revitalized shopping center spans 131,058 square feet across two buildings and thirteen suites. The 87% occupied center benefits from a diverse tenant mix, made up of a majority of national retailers, in addition to local businesses to create a vibrant and stable commercial environment.

Situated within the bustling Northwest Commons shopping district, which draws over 1.3 million visits annually (per Placer.ai), this property offers an unparalleled investment opportunity. With its prime location along Highway 281 (American Legion Memorial Highway), the primary retail corridor in Grand Island, Northwest Commons commands excellent visibility and accessibility. Its strategic position makes it the preferred choice for national tenants seeking to establish or expand their presence in the thriving Grand Island market.

Northwest Commons presents investors with a value-add proposition, offering opportunities to maximize occupancy rates and explore the development of outparcel pads. With its strong tenant base, strategic location, and potential for further enhancement, this property represents an attractive investment prospect in Grand Island’s dynamic retail landscape.

Investment Highlights

  • Anchored by DICK’S Sporting Goods and Burlington
  • 87% occupied, spans 131,058 square feet
  • Strong national tenant roster includes Bath & Body Works, T-Mobile, Sports Clips, Pro Image Sports, Charter Spectrum, and Interstate Battery
  • DICK’S is the #1 ranking sporting goods store within a 50-mile radius, and Burlington is the #2 ranked location in the state (Placer.ai)
  • Potential for additional value through leasing vacant junior anchor space and selling/developing two pads

BROKER OF RECORD

Justin Spooner

License #: Nebraska License 20210247

Location Highlights

  • Strategically located along Highway 281, Grand Island's primary retail artery
  • Positioned north of Conestoga Marketplace site, slated for $250 million renovation/development project anchored by 150,000 SF Target

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031